Accounts Receivable Basic Concepts

Transcription

1 Accounts Receivable Basic Concepts Version 2.1 January 2014 FAMIS Services The Texas A&M University System 2014 The Texas A&M University System All Rights Reserved

2 Accounts Receivable Basic Concepts Page i-2

3 Table of Contents I Customers PAGE Customers... I-3 Attributes... I-4 Types... I-4 Screen 603 Add/Modify... I-4 Customer Number... I-5 Screen 602 Name Search... I-6 Screen 607 Customer Alias... I-7 Screen 643 Customer Flags... I-8 Freeze Activity Flag... I-9 Delete Flag... I-9 Drop Flag... I-9 QUIZ Customers... I-11 II Invoices Screen 610 Screen 620 Screen 611 Screen 612 Invoices... II-3 Types... II-4 Invoice Number... II-4 Prefixes... II-4 Invoice Create... II-5 Invoice Header Modify... II-6 Line Item Add... II-7 Line Item Adjustment... II-8 Screen 615, 616 Invoice Payment... II-9 III Credit Invoices Screen 640 Screen 641 Credit Invoices... III-3 Credit Invoice Create... III-4 Credit Line Item Create... III-4 IV Accounts Receivable Special Topics Screen 683 Past Due Letter... IV-3 Screen 630 Menu M62 Screen 680 Screen 681 Screen 682 Processing Dollar Data... IV-4 Session/Batch... IV-5 Accounts Receivable System Controls Menu... IV-5 Accounts Receivable Control Record... IV-6 Invoice Prefix Create... IV-7 Invoice Prefixes Last Invoice Number Used... IV-7 Accounts Receivable Basic Concepts Page i-3

4 Table of Contents (cont d) Accounts Receivable Basic Concepts Page i-4

5 Session I Customers

6 Accounts Receivable Basic Concepts Page I-2

7 Session I - Customers Purpose To describe how to create customers in Accounts Receivable. Objectives Enable you to: Define terminology Search the customer file Describe the customer number schema Define customer alias capability Define the control flags for use with the customers Accounts Receivable Basic Concepts Page I-3

8 Customers Definition Those who purchase goods or services from the institution. Purpose To identify those who owe payment for goods or services received from the institution. Customer Attributes: Customer Name Customer Address Customer Phone Customer Type Customer Types: CP IN NP PT RF SP Corporation Individual Non Profit Organization Other TAMUS Parts Research Foundation Sponsored Research Screen 603 Customer Add/Modify 603 Customer Add/Modify 09/10/12 14:37 AZ-ANIMAL CLINIC FY 2013 CC 02 Screen: Customer: 6xxxxxxxxxxx0 Name: AZ-ANIMAL CLINIC Billing Alternate Address: 4444 W WEST BLVD Address: City: FORT WORTH State: TX City: State: Zip: Country: Zip: Country: Phone: Ext: Phone: Ext: Customer Type: CP Retention Months: 18 SPR Sponsor ID: Bill Type: 1 Bill Frequency: M Credit Limit: 0.00 * * System Information * * Established: 10/03/2006 Outstnd. Bal: 0.00 Freeze Flag: N Last Activity: 07/03/2012 Deposit Held: 0.00 Delete Flag: N Last Invoice: G Last Billed: Drop Flag: N Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Accounts Receivable Basic Concepts Page I-4

9 Customer Number Definition 13-digit identifier for a customer. Purpose To uniquely identify a customer. Format EXAMPLES: 13 numbers TAES alpha characters D.L. Smith UN numbers Customers Customer number formats generally appear as: Option 1 UN + Universal Identification Number (UIN) of customer Example: UN Option a unique number (No SSN) Example: Federal Federal Identification Number of customer (if less than 13 digits, may begin or end with user-defined sequence of numbers). Example: Other Agencies Part/Agency Number (2 digits) + Subsidiary Ledger Account Number (6 digits) + Support Account Number (5 digits) Example: SPR Customer SPR Sponsor ID is FRS Accounts Receivable customer ID is SP Accounts Receivable Basic Concepts Page I-5

10 Name Search Definition Search of AR for customer by name rather than by customer number. Purpose Access customer number when all you have is customer name Check to see if the customer already exists in the system Basic Information Customer Search Process Any screen with a Customer field can be used to search for a specific customer. Since Screen 602 is a search screen, you would enter the customer s name in the Customer field to view the desired information. After advancing to a screen, an asterisk (*) can be entered in the Customer field to access the customer file list in alphabetical order. Any portion of the customer name can be included in the Customer field; FAMIS will use the available data to match what is on the customer file list. After searching through the displayed list, if the specified customer is located, tab to the space next to the customer s name, type an X, and press <ENTER>. This will place the customer information on the screen currently in use, and when you advance to other screens this information will pass to these screens. Screen 602 Customer Name Search 602 Customer Name Search 09/10/12 14:39 FY 2013 CC 02 Screen: Customer: ANIMAL Name Customer Drop Alias City State _ ANIMAL & BIRD HEALTH CARE CENT 68xxxxxxxxx00 N N CHERRY HILL NJ _ ANIMAL AID 68xxxxxxxxx00 N N TALLAHASSEE FL _ ANIMAL AID CLINIC SOUTH 68xxxxxxxxx00 N N ELKHART IN _ ANIMAL ALLEY VETERINARY HOSPIT 68xxxxxxxxx00 N N SAGINAW MI _ ANIMAL ALTERNATIVES 68xxxxxxxxx00 N N TAMPA FL _ ANIMAL AND BIRD HOSPITAL OF CL 68xxxxxxxxx00 N N CLEARWATER FL _ ANIMAL AND BIRD HOSPITAL OF DE 68xxxxxxxxx00 N N DEL MAR CA _ ANIMAL AND BIRD MEDICAL CENTER 68xxxxxxxxx00 N N PALM HARBOR FL _ ANIMAL AND EXOTIC MEDICAL CENT 68xxxxxxxxx00 N N LUTZ FL _ ANIMAL ARK ANIMAL HOSPITAL 68xxxxxxxxx00 N N FRANKLIN TN _ ANIMAL ARK PET HOSPITAL INC. 68xxxxxxxxx00 N N ERIE PA _ ANIMAL ARK PET HOSPITAL, INC. 68xxxxxxxxx00 N Y ERIE PA _ ANIMAL ARK VETERINARY CLINIC 68xxxxxxxxx00 N N BALDSWINSVILLE NY _ ANIMAL CANCER IMAGING CENTER 68xxxxxxxxx00 N N CANTON MI _ ANIMAL TWIN LAKES CENTE 68xxxxxxxxx00 N N JACKSONVILLE FL ** More Customers ** Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Accounts Receivable Basic Concepts Page I-6

11 Customer Alias Definition More than one customer name associated with a customer number. Purpose To allow more than one customer name associated with a customer number. Basic Information Example: J.A. Navaso Navaso, J. A. Screen 607 Customer Name Alias Maintenance 607 Customer Name Alias Maintenance 09/10/12 14:41 FY 2013 CC 02 Screen: Customer: 68xxxxxxxxx00 TAMU DEVELOPMENT FOUNDATION Drop Customer Alias: A&M FOUNDATION Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Accounts Receivable Basic Concepts Page I-7

12 Customer Flags Definition Data elements used to set controls. Purpose To define limits on customer activity. Basic Information Types Freeze Activity Delete Drop Valid Values N (No) Y (Yes) Flag turned off Flag turned on Screen 643 Customer Flag Set / Reset 643 Customer Flag Set/Reset LAGRANGE VETERINARY HOSPITAL 09/10/12 14:45 FY 2013 CC 02 Screen: Customer: Invoice: Account: Customer Flags N - FREEZE this Customer N - DELETE this Customer N - DROP this Customer (must be deleted first) Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Warns Accounts Receivable Basic Concepts Page I-8

13 Customer Flags (cont d) Customer Freeze Activity Flag Used to restrict invoice activity for a customer. Function: System does not accept any requests for new invoice activity for customer. Setting: Manually set in real time. Customer Delete Flag Used to indicate that no further invoice activity can be processed for a customer. Function: Restricts new invoices and maintenance transactions against a customer. Special Processing: Customer cannot have any outstanding invoices All invoices must be paid and reconciled or voided Customer Drop Flag Used to identify customer to be purged. Function: Physically removes customer from file at month end. Setting: Delete flag must be set to Y. Accounts Receivable Basic Concepts Page I-9

14 Customer Flags (cont d) Accounts Receivable Basic Concepts Page I-10

15 Quiz - Customers 1. Match the following terms with their definitions: Customer A. Data elements used to set controls Customer Flags Customer File Customer Number B. Another name for the same customer C. Anyone to whom you make or record a payment D. Search of AR for customer by name rather than by customer number Name Search Customer Alias E. Thirteen-character identifier for a customer F. Stores descriptive and dollar data for a customer 2. What screen is used to freeze a customer? 3. Name one advantage of customer alias? Accounts Receivable Basic Concepts Page I-11

16 Quiz - Customers (cont d) 4. Reference Screen M61 to answer the following questions: Menu M61 Accounts Receivable Menu M61 Accounts Receivable Menu 03/21/11 10:20 FY 2011 CC AM Screen: Customer: Invoice: * Update * * Inquiry * 603 Customer Add/Modify 602 Customer Name Search 604 Customer Comments 605 Customer System Information 607 Customer Alias Maintenance 632 Invoices by Customer 608 Customer Number Modify 633 Invoices by Billing Dept. 610 Invoice Create 634 Invoice Line Items by Acct 611 Additional Line Item Entry 635 Invoice Display 612 Line Item Adjust 636 Invoice Line Item Display 615 Post Line Item Payments 637 Invoices by Invoice Number 616 Search Invoices & Post Payments 638 Invoices by SPR Project 617 Retention/Disallowance Maint *---- Batch Information * 620 Invoice Header Modify 624 Processed Batches 621 Transfer Invoice to New Customer 627 Transactions by Batch 640 Credit Invoice 630 Batch Open 641 Credit Invoice Line Item 643 Customer Flag Maintenance M62 A/R System Controls Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12-- Hmenu Help EHelp A. What screen would you use to view the results of a name search in which there was more than one match? B. What screen is used to create customers? C. Which screen would you reference to find out a customer s alias? 5. True or False: If a customer flag is set to N the flag is turned off. There can be different customer number formats. Accounts Receivable Basic Concepts Page I-12

17 Session II Invoices

18 Accounts Receivable Basic Concepts Page II-2

19 Session II Invoices Purpose To describe how to create invoices in AR. Objectives Enable you to: Define terminology Create/modify/delete invoices Inquire on the status of an invoice Accounts Receivable Basic Concepts Page II-3

20 Invoice Definition The record of the bill that is sent to the customer itemizing the goods or services received. Purpose Helps track the goods or services sold and amount of required payment. Basic Information Invoices in FAMIS are records of an accounting event only. FAMIS does not print an invoice; however, Past Due Notices can be prepared and printed to send to customers. Invoice Types DP Departmental IN Insurance SP Sponsored Research Invoice Number Each invoice has a unique seven character/digits identifier. The first character, usually a letter, is called the Invoice Prefix, followed by six digits. Invoice Prefixes Each prefix is used to group like invoices together and give sight recognition to the type of invoices. The R and Z prefixes have special meaning and usage in the system. Examples of the invoice prefixes, set on Screen 681, are: Value O C P T S B L Q R Z Meaning All general invoices CSC Physical Plant Centrex/Telecom Stores Transportation/etc. Large Animal From IDT/AB form SPR Billing Related Reg SPR Invoices SPR Invoices that DO NOT Create a Receivable Accounts Receivable Basic Concepts Page II-4

21 Invoice Create Creating an invoice begins on Screen 610, where the header information is entered. Screen 610 Invoice Create 610 Invoice Create 04/07/09 08:22 FY 2009 CC 01 Screen: Customer: Invoice: * Invoice Information * * -- Override Bill to Information -- * Billing Dept: FAPC_ Name: Invoice Type: DP Address: Due Date: 04/04/2009 Bill Period Begin: 03/05/2009 Bill Period End: City: State: Customer PO: Zip: Country: Customer Acct: Phone: Ext: Customer Proj: Work Order: SPR Project: Sponsors Bill Seq: Suppress Past Due: _ Transactions: 0 Amount: 0.00 Batch: JAC001 Date: 04/07/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp 617 Warns After successfully entering the invoice header information, the Line Item Entry pop-up window will appear as shown below. Invoice items from both State and Local accounts may be entered for the same customer. At least one line item must be entered before an invoice number can be assigned. Screen 610 Line Item Entry Pop-Up Window * Line Item Entry * Account Sale Date Ref Amount Ln: /05/ Desc: HSC/ROUND ROCK Cost Ref 1: 2: 3: Ln: 2 Desc: Cost Ref 1: 2: 3: Ln: 3 Desc: Cost Ref1: 2: 3: More Lines (Y/N) _ PF7-Backward PF8-Forward PF12-Cancel Total: Accounts Receivable Basic Concepts Page II-5

22 Invoice Header Modify Definition Invoice header information can be changed after the invoice has been created. This is a special screen available to modify the information on the original invoice header. Purpose To provide a mechanism to modify or change the original invoice header. Basic Information Attributes: Billing Department Invoice Type Due Date Customer PO Number Once an invoice is created using Screen 610 (Invoice Create), you may modify or correct the header information using Screen 620 (Invoice Header Modify). Screen 620 Invoice Header Modify 620 Invoice Header Modify 04/07/09 09:29 FY 2009 CC 02 Screen: Invoice: Q Customer: 0nnnnnnnnnnn0 02 BIOLOGY ART ARTSON * Invoice Information * * -- Override Bill to Information -- * Billing Dept: BIOL_ Name: Invoice Type: DP Address: Due Date: 09/04/2008 Bill Period Begin: Bill Period End: City: State: Customer PO: Zip: Country: Customer Acct: Phone: Ext: Customer Proj: Work Order: SPR Project: Sponsors Bill Seq: Past Dues Sent: 1_ Suppress Past Due: _ Transactions: 0 Amount: 0.00 Batch: Date: Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Accounts Receivable Basic Concepts Page II-6

23 Line Item Add Definition Additional line items can be entered after the invoice has been created. This is a special screen available to create additional lines to the original invoice. Purpose To provide a mechanism to add new lines to the original invoice. Basic Information A new invoice line item number is assigned when the new line item is accepted. Screen 611 Line Item Create 611 Line Item Create 04/07/09 08:32 FY 2009 CC AM Screen: Customer: 2nnnnnnnnnnn0 Invoice: F Account: Ref: 1234 Sale Date: 04/05/2009 Amount: Description: HSC/ROUND ROCK TWO Cost Ref 1: 2: 3: Transactions: Amount: Batch: JAC001 Date: 04/07/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Warns Accounts Receivable Basic Concepts Page II-7

24 Line Item Adjustment Definition A modification to an invoice line item amount, not a payment or credit. Purpose To modify the dollar amount recorded on the line item. Basic Information This screen is used to adjust an amount, not to record a payment. Adjustments Available: D (Debit) C (Credit) Increase Line Item Amount Reduce Line Item Amount You can use Screen 612 to increase or decrease a previously entered invoice line item amount. The amount necessary to increase/decrease is entered in the Amount field and the appropriate D/C value must be chosen. Screen 612 Line Item Adjust 612 Line Item Adjust 04/07/09 08:33 FY 2009 CC AM Screen: Invoice: F Line: 01 Date: 05/04/2009 Transaction Type: C (Charge) Ref: Amount: Description: ADJUST AMOUNT ERROR D/C: D D - Increase Line Amount C - Reduce Line Amount Current Line Item Status Customer: Acct Number: Description: Cost Ref 1: 2: 3: Posted Date: Amount: 0.00 Sale Date: Paid Amount: 0.00 Transactions: 0 Amount: 0.00 Batch: JAC001 Date: 04/07/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Warns Accounts Receivable Basic Concepts Page II-8

25 Invoice Payment Definition Payments made to the institution, based on an invoice sent for goods or services received. Purpose To record the payment for goods or services received. Basic Information C D Pay Line Item Reverse Payment on Line Item Screen 615 Post Line Item Payment 615 Post Line Item Payments 04/07/09 08:34 FY 2009 CC AM Screen: Invoice: F Line: 02 Date: 05/04/09 Transaction Type: P (Payment) Ref/Check Nbr: 2344 Check Date: 05/01/09 Amount: Description: HSC D/C: C C - Pay line item D - Reverse Payment on line item Current Line Item Status Customer: HSC/ROUND ROCK Acct Nbr: Desc: HSC OR Net Due: 0.00 Posted Dt: Amt: 0.00 Retained: 0.00 Sale Dt: Paid Amt: 0.00 Disallow: 0.00 Transactions: 0 Amount: 0.00 Batch: JAC001 Date: 04/07/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Warns Screen 616 Search Invoices and Post Payments 616 Search Invoices and Post Payments 05/14/09 17:12 HTR/ROUND ROCK FY 2009 CC AA Screen: Customer: 2nnnnnnnnnn0 Invoice: A Invoice Search: _ Net Invoice Amount Due: Enter 'Y' to pay Net Amount Due: Y Check No: 1234 Check Date: 05/04/2009 Net Amt Pay line Amount Line Account Description Due Amount Paid BAG GOLF CLUBS 9.99 ** End of Line Items ** Transaction: 33 Amount: Batch: ARP001 Date: 05/14/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Back Fwd Warns Accounts Receivable Basic Concepts Page II-9

26 Invoice Payment (cont d) Accounts Receivable Basic Concepts Page II-10

27 Session III Credit Invoices

28 Accounts Receivable Basic Concepts Page III-2

29 Session III Credit Invoices Purpose To describe how to create credit invoices in Accounts Receivable. Objectives Enable you to: Define terminology Identify screens used for Credit Invoices Accounts Receivable Basic Concepts Page III-3

30 Credit Invoices Definition Credit issued to a customer on an invoice. Purpose To record credit given to a customer on goods or services received. Functionality is the same for Credit Invoices as for Invoices except that the accounting is a credit instead of a debit. After successfully entering the Credit Invoice Header information, the Line Item Entry pop-up window appears. Screen 640 Credit Invoice Create 640 Credit Invoice Create 04/07/09 08:35 FY 2009 CC AM Screen: Customer: 2nnnnnnnnnnn0 Invoice: F * Invoice Information * * -- Override Bill to Information -- * Billing Dept: FAPC_ Name: Invoice Type: DP Address: Due Date: 05/04/2008 Bill Period Begin: Bill Period End: City: State: Customer PO: Zip: Country: Customer Acct: Phone: Ext: Customer Proj: Work Order: SPR Project: Sponsors Bill Seq: Suppress Past Due: _ Transactions: 0 Amount: 0.00 Batch: JAC001 Date: 04/07/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp 617 Warns Screen 641 Credit Line Item Create 641 Credit Line Item Create 04/07/09 08:35 FY 2009 CC AM Screen: Customer: HTR/ROUND ROCK Invoice: F101573_ ***** Credits ***** Account: Ref: Sale Date: 05/04/2009 Amount: Description: RETURN Cost Ref 1: 2: 3: Transactions: Amount: Batch: JAC001 Date: 04/07/2009 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Warns Accounts Receivable Basic Concepts Page III-4

31 Session IV Accounts Receivable Special Topics

32 Accounts Receivable Basic Concepts Page IV-2

33 Session IV AR Special Topics Purpose To extend understanding of the Accounts Receivable related functions. Objectives Enable you to: Explain Past Due Notices Review Processing AR Data Understand the AR System Controls Past Due Letter Definition Letter printed to be sent to the customer indicating that the payment owed to the institution is overdue. Purpose To remind the customer that payment is due to the institution. Basic Information Past Due Notices are generated with the end of month processing and pulled based on invoice date. You can create different notices based on Invoice Type. In the following example, there is a specific notice created for all the invoices under the type of DP (Department). You may also create escalating notices for each Invoice Type beginning with Past Due Number=01 and then Past Due Number=02, etc. Accounts Receivable Basic Concepts Page IV-3

34 Special Topics (cont d) Each time a Past Due Notice is sent, the Past Due Notice number is displayed on Screen 620 for the particular invoice. Screen 683 Past Due Letter Text Maintenance 683 Past Due Letter Text Maintenance 03/21/11 10:53 FY 2011 CC 02 Screen: Invoice Type: DP Past Due Number: _3 Delete: _ Text: Our records indicate the following receivable(s)has been overlooked. This is a third request. Please forward your payment to: Sales & Receivables, Financial Management Operations, MS6000, Texas A & M University, College Station, Texas If you have CREDIT invoices or have sent payment, please call (979) or [email protected]. Customers with invoices 120 days past due or older may be placed on State Warrant Hold in accordance with the State's_ Accounting Policy Statement (APS 028). * Please enter text in UPPER and LOWER case. ** To leave a blank line, put an '*' in the first column. Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Processing Dollar Data Sequence Process 1 Organize source documents 2 Open a session 3 Post transactions 4 Reconcile the session 5 Close the session 6 Review results of processing Session / Batch Definition A control mechanism to track real-time posting of a group of financial transactions. Purpose To provide an online audit trail for reconciliation purposes. Accounts Receivable Basic Concepts Page IV-4

35 Special Topics (cont d) Basic Information Screen 630 AR Batch Initialize 630 AR Batch Initialize 04/07/09 09:12 FY 2009 CC 02 Screen: Session Reference: ARC001 Session Date: 04/07/09 Session Status: O Acct Feed: Y Bank: 0001_ Description: AR Invoice Payments User ID Override: N Batch Balancing Information Transactions Amount Expected Totals: Receipts: 0.00 Processed Totals: Disburse: 0.00 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp To review AR Batches use Screen 624 and Screen 627. Accounts Receivable System Controls Menu M62 lists all the screens that are available for the AR System Controls Screen. M62 AR System Controls M62 AR System Controls 04/06/09 08:10 FY 2009 CC 02 Screen: Customer: Invoice: *----- System Controls -----* 680 AR Control Record 681 Invoice Prefix Create 682 Invoice Prefixes - Last Number Used 683 Past Due Letter Text Maintenance Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Accounts Receivable Basic Concepts Page IV-5

36 Special Topics (cont d) Screen 680 controls the processing in Accounts Receivable. The values entered on this screen determine the accounting methods used to post and reconcile the receivables. This screen is maintained and updated by FAMIS Services. The information is campus specific. Screen 680 Accounts Receivable Control Record 680 Accounts Receivable Control Record 04/06/09 08:12 FY 2009 CC 02 Screen: Cash or Accrual(C/A): A Payments as Receipts or JEs(R/J): J If JEs - GL Cash clearing Account: 00xxxxxx10 3rd digit of 06X for payments: 2 Asset or Single GL If Single Liability or use GL - enter Acct Cntl Map Code 6 digit GL Receivables (asset) 1300 M Over Payments (Liability) 2130 M Deposits (Liability) 2500 M 3rd digit of 06X for Receivables: 5 Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Since FAMIS uses the accrual accounting method, the only option for the Cash or Accrual field is A. Receipt or Journal Entry option determines the general ledgers credited and debited for the receivables. A transaction code of 062 will indicate payment, and transaction code of 065 will indicate a receivable. Accounts Receivable Basic Concepts Page IV-6

37 Special Topics (cont d) Invoice Prefix Screen 681 is used by FAMIS Services to set up a new invoice prefix for each TAMUS member. This screen is maintained and updated by FAMIS Services. The information is campus specific. Screen 681 Invoice Prefix Create 681 Invoice Prefix Create 04/06/09 08:14 FY 2009 CC 02 Screen: Invoice Prefix: _ (A-Z or 0-9) Last Number Used: Delete Prefix: _ Note: A 'Last Number Used' of forces ALL invoices to be manually assigned by the operator Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Invoice Prefixes Last Invoice Number Used Table Screen 682 allows the user to view the prefixes and numbers of the most recent invoice numbers used in the system. This screen is useful before creating invoices on Screen 610. Some prefixes are reserved for special invoices. For example: I R Insurance Sponsored Research Screen 682 Invoice Prefixes Last Number Used 682 Invoice Prefixes - Last Number Used 05/22/12 09:27 FY 2012 CC 02 Screen: Last Last Last Prefix Number Prefix Number Prefix Number A N B P C Q D R E S F T G U H V I W K X L Z M Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12--- Hmenu Help EHelp Accounts Receivable Basic Concepts Page IV-7

38 Special Topics (cont d) K:\FA\DOC\WRKNPRCS\TRNG-MAN\ARADMcurrNF.docx Revised: 1/23/ :04 AM Accounts Receivable Basic Concepts Page IV-8